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Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants: an initiative of the Committee for Capacity Building Members in Practice (CCBMP), ICAI

The Committee for Capacity Building of Members in Practice (CCBMP) has taken a major initiative for further revising the prescribed Minimum Recommended Scale of Fees for the professional assignments done by the members of ICAI. The recommendation is about the fee to be charged as per the work performed for various professional assignments and the amount quoted under respective heads of professional work. The fee has been recommended separately for Class A and Class B Cities. The prescribed Minimum Recommended Scale Fees will enhance the productivity and Capacity Building of Practitioners & CA Firms and will largely benefit the Practitioners.

Further Revised Minimum Recommended Scale of Fees for the professional assignments done by CAs has been mentioned below: [Or can be accessed from here as an attachment]

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REVISED MINIMUM RECOMMENDED SCALE OF FEES FOR THE PROFESSIONAL ASSIGNMENTS DONE BY THE CHARTERED ACCOUNTANTS

The Committee for Capacity Building of Members in Practice (CCBMP) of ICAI as a part of its commitment to strengthen the Small & Medium Practitioners has initiated the Revised Minimum Recommended Scale of Fees for the professional assignments done by members of ICAI. The recommendation is about the fee to be charged as per the work performed for various professional assignments. The fee has been recommended separately for Class A & Class B cities.


PARTICULARS

Rates

For Class A Cities

For Class B Cities

Revised Minimum Recommended scale of Fees

Revised Minimum Recommended scale of Fees

I)

ADVISING ON DRAFTING OF DEEDS/AGREEMENTS

(a)

i) Partnership Deed

Rs 15,000/- & Above

Rs 10,000/- & Above

ii) Partnership Deed (With consultation & Tax Advisory)

Rs 20,000/- & Above

Rs 15,000/-& Above

(b)

Filing of Forms with Registrar of Firms

Rs 7,000/- & Above Per Form

Rs 5,000/- & Above Per Form

(c)

Supplementary / Modification in Partnership Deed

Rs 12,000/- & Above

Rs 9,000/- & Above

(d)

Joint Development Agreements/ Joint Venture Agreements

Rs 12000 & Above (See Note-1)

Rs 9000 & Above (See Note-1)

(e)

Others Deeds such as Power of Attorney, Will, Gift Deed etc.

Rs 5000 & Above

Rs 3000 & Above

II)

INCOME TAX

A.

Filing of Return of Income

I)

For Individuals/ HUFs etc.

(a)

Filing of Return of Income with Salary/Other Sources/Share of Profit

Rs 8,000/- & Above

Rs 6,000/- & Above

(b)

Filing of Return of Income with detailed Capital Gain working

i) Less than 10 Transactions (For Shares & Securities)

Rs 11,000/- & Above

Rs 8,000/- & Above

ii) More than 10 Transactions (For Shares & Securities)

Rs 17,000/- & Above

Rs 12,000/- & Above

(c)

Filing of Return of Income for Capital Gain on Immovable property

Rs 32,000/- & Above

Rs 22,000/- & Above

(d)

Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet.

Rs 12,000/- & Above

Rs 9,000/- & Above

II)

(a) Partnership Firms/Sole Proprietor with Advisory Services

Rs 15,000/- & Above

Rs 11,000/- & Above

(b) Minor's I.T. Statement

Rs 8,000/- & Above

Rs 8,000/- & Above

(c) Private Ltd. Company :

i) Active

Rs 25,000/- & Above

Rs 17,000/- & Above

ii) Defunct

Rs 12,000/- & Above

Rs 9,000/- & Above

(d) Public Ltd. Company

i) Active

Rs 65,000/- & Above

Rs 45,000/- & Above

ii) Defunct

Rs 25,000/- & Above

Rs 17,000/- & Above

B.

Filing of Forms Etc.

(Quarterly Fees)

(Quarterly Fees)

(a)

Filing of TDS/TCS Return (per Form)

i) With 5 or less Entries

Rs 4,000/- & Above

Rs 3,000/- & Above


ii) With more than 5 Entries

Rs 9,000/- & Above

Rs 7,000/- & Above

(b)

Filing of Form No. 15-H/G ( per Set)

Rs 4,000/- & Above

Rs 3,000/- & Above

(c)

Form No. 49-A/49-B

Rs 4,000/- & Above

Rs 3,000/- & Above

(d)

Any other Forms filed under the Income Tax Act

Rs 4,000/- & Above

Rs 3,000/- & Above

C.

Certificate

Obtaining Certificate from Income Tax Department

Rs 14,000/- & Above

Rs 10,000/- & Above

D.

Filing of Appeals Etc.

(a)

First Appeal

Preparation of Statement of Facts, Grounds of Appeal, Etc.

Rs 32,000/- & Above

Rs 22,000/- & Above

(b)

Second Appeal (Tribunal)

Rs 65,000/- & Above

Rs 45,000/- & Above

E.

Assessments Etc.

(a)

Attending Scrutiny Assessment/Appeal

(i) Corporate

See Note 1

See Note 1

(ii) Non Corporate

Rs 32,000/- & Above

Rs 22,000/- & Above

(b)

Attending before Authorities

Rs 10,000/- & Above Per Visit

Rs 7,000/- & Above Per Visit

(c)

Attending for Rectifications/Refunds/Appeal effects Etc.

Rs 7,000/- & Above Per Visit

Rs 5,000/- & Above Per Visit

(d)

Income Tax Survey

Rs 80,000/- & Above

Rs 55,000/- & Above

(e)

T.D.S. Survey

Rs 50,000/- & Above

Rs 35,000/- & Above

(f)

Income Tax Search and Seizure

See Note 1

See Note 1

(g)

Any other Consultancy

See Note 1

See Note 1

III)

CHARITABLE TRUST

(a)

(i) Registration Under Local Act

Rs 25,000/- & Above

Rs 17,000/- & Above

(ii) Societies Registration Act

Rs 32,000/- & Above

Rs 22,000/- & Above

(b)

Registration Under Income Tax Act

Rs 25,000/- & Above

Rs 18,000/- & Above

(c)

Exemption Certificate U/s 80G of Income Tax Act

Rs 20,000/- & Above

Rs 14,000/- & Above

(d)

Filing Objection Memo/other Replies

Rs 10,000/- & Above

Rs 7,000/- & Above

(e)

Filing of Change Report

Rs 10,000/- & Above

Rs 7,000/- & Above

(f)

Filing of Annual Budget

Rs 10,000/- & Above

Rs 7,000/- & Above

(g)

Attending before Charity Commissioner including for Attending Objections

Rs 8,000/- & Above per visit

Rs 6,000/- & Above per visit

(h)

(i) F.C.R.A. Registration

Rs 35,000/- & Above

Rs 25,000/- & Above

(ii) F.C.R.A. Certification

Rs 8,000/- & Above

Rs 6,000/- & Above

IV)

COMPANY LAW AND LLP WORK

 

(a)

Filing Application for Name Approval

Rs 8,000/-& Above

Rs 6,000/- & Above

(b)

Incorporation of a Private Limited Company/LLP

Rs 35,000/- & Above

Rs 25,000/- & Above

(c)

Incorporation of a Public Limited Company

Rs 65,000/- & Above

Rs 45,000/- & Above

(d)

Advisory or consultation in drafting MOA, AOA

Rs 15,000/- & Above

Rs 12,000/- & Above

(e)

(i) Company's/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work

See Note 1

See Note 1

(ii) Certification (Per Certificate)

Rs 15,000/- & Above

Rs 10,000/- & Above

(f)

Filing Annual Return Etc.

Rs 10,000/- & Above per Form

Rs 8,000/- & Above per Form

(g)

Filing Other Forms Like : F-32, 18, 2 etc.

Rs 5,000/- & Above per Form

Rs 4,000/- & Above per Form

(h)

Increase in Authorized Capital
Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP Agreement

Rs 25,000/- & Above

Rs 20,000/- & Above


(i)

DPIN/DIN per Application

Rs 4,000/- & Above

Rs 3,000/- & Above

(j)

Company Law Consultancy including Petition drafting

See Note 1

See Note 1

(k)

Company Law representation including LLP before RD and NCLT

See Note 1

See Note 1

(l)

ROC Representation

See Note 1

See Note 1

 V

AUDIT AND OTHER ASSIGNMENTS

Rate per day would depend on the complexity of the work and the number of days spent by each person

(i) Principal

Rs 18,000/- & Above per day

Rs 12,000/- & Above per day

(ii) Qualified Assistants

Rs 10,000/- & Above per day

Rs 8,000/- & Above per day

(iii) Semi Qualified Assistants

Rs 5,000/- & Above per day

Rs 4,000/- & Above per day

(iv) Other Assistants

Rs 3,000/- & Above per day

Rs 2,000/- & Above per day

Subject to minimum indicative Fees as under:

(i) Tax Audit

Rs 40,000/- & Above

Rs 30,000/- & Above

(ii) Company Audit

(a) Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore)

Rs 50,000/- & Above

Rs 35,000/- & Above

(b) Medium Size Pvt. Ltd. Co./ Public Ltd. Co.

Rs 80,000/- & Above

Rs 55,000/- & Above

(c) Large Size Pvt. Ltd. Co./ Public Ltd. Co.

See Note 1

See Note 1

(iv) Review of TDS Compliance

Rs 25,000/- & Above

Rs 20,000/- & Above

(v) Transfer Pricing Audit

See Note 1

See Note 1

VI)

INVESTIGATION, MANAGEMENT SERVICES OR SPECIAL ASSIGNMENTS

Rate per day would depend on the complexity of the work and the number of days spent by each person

(a) Principal

Rs 35,000/- & Above + per day charge

Rs 25,000/- & Above + per day charge

(b) Qualified Assistant

Rs 18,000/- & Above + per day charge

Rs 12,000/- & Above + per day charge

(c) Semi Qualified Assistant

Rs 10,000/- & Above + per day charge

Rs 7,000/- & Above + per day charge

VII)

CERIFICATION WORK

(a)

Issuing Certificates under the Income Tax Act i.e. U/s 80IA / 80IB /10 A/10B & other Certificates

See Note 1

See Note 1

(b)

Other Certificates

For LIC/Passport/Credit Card/Etc.

Rs 10,000/- & Above

Rs 7,000/- & Above

(c)

Other Attestation (True Copy)

Rs 3,000/- & Above per form

Rs 2,000/- & Above per Form

(d)

Net worth Certificate for person going abroad

Rs 18,000/- & Above

Rs 12,000/- & Above

VIII)

RERA

(a)

Audit of Accounts

Rs 10,000/- & Above

Rs 7,000/- & Above

(b)

Appearance Before Appellate Tribunal or Regulatory Authority or Adjudicating Authority

Rs 50,000/- & Above

Rs 40,000/- & Above

(c)

Advisory & Consultation

See Note 1

See Note 1

(d)

Certification for withdrawal of amount

See Note 1

See Note 1

IX)

CONSULTATION & ARBITRATION

Rate per hour would depend on the complexity of the work and the number of hours spends by each person.

(a)

Principal

Rs 35,000/- & Above(initial fees) + additional fees @ Rs 8,000/- & Above per hour

Rs 25,000/- & Above(initial fees) + additional fees @ Rs 6,000/- & Above per hour

(b)

Qualified Assistant

Rs 6,000/- & Above per hour

Rs 4,000/- & Above per hour

(c)

Semi Qualified Assistant

Rs 3,000/- & Above per hour

Rs 2,000/- & Above per hour


X)

NBFC/RBI MATTERS

(a)

NBFC Registration with RBI

See Note 1

See Note 1

(b)

Other Returns

Rs 18,000/- & Above

Rs 12,000/- & Above

XI)

GST

(a)

Registration

Rs 20,000/- & Above

Rs 15,000/- & Above

(b)

Registration with Consultation

See Note 1

See Note 1

(c)

Tax Advisory & Consultation i.e. about value, taxability, classification etc.

See Note 1

See Note 1

(d)

Challan/Returns

Rs 15,000/- & Above + (Rs 4,000/- Per Month)

Rs 10,000/- & Above + (Rs 3,000/- Per Month)

(e)

Adjudication/Show Cause notice reply

Rs 30,000/- & Above

Rs 20,000/- & Above

(f)

Filing of Appeal / Appeals Drafting

Rs 30,000/- & Above

Rs 20,000/- & Above

(g)

Furnish details of inward/outward supply

See Note 1

See Note 1

(h)

Misc services i.e., refund, cancellation/revocation registration, maintain electronic cash ledger etc.

See Note 1

See Note 1

(i)

Audit of accounts and reconciliation Statement

Rs 40,000/- & Above

Rs 20,000/- & Above

(j)

Any Certification Work

Rs 10,000/- & Above

Rs 5,000/- & Above

XII)

FEMA MATTERS

1

Filing Declaration with RBI in relation to transaction by NRIs/ OCBs

Rs 35,000/- & Above

Rs 25,000/- & Above

2

Obtaining Prior Permissions from RBI for Transaction with NRIs/ OCBs

Rs 50,000/- & Above

Rs 35,000/- & Above

3

Technical Collaboration: Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters

See Note 1

See Note 1

4

Foreign Collaboration: Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement)

See Note 1

See Note 1

5

Advising on Non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA

See Note 1

See Note 1

XIII)

PROJECT FINANCING

(a)

Preparation of CMA Data

See Note 1

See Note 1

(b)

Services relating to Financial sector

See Note 1

See Note 1


Notes:

1) Fees to be charged depending on the complexity and the time spent on the particular assignment.

2) The above recommended minimum scale of fees is as recommended by the Committee for Capacity Building of Members in Practice (CCBMP) of ICAI.

3) The aforesaid table states recommendatory minimum scale of fees works out by taking into account average time required to complete such assignments. However, members are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same.

4) Office time spent in travelling & out-of-pocket expenses would be chargeable. The Committee issues for general information the above recommended scale of fees which it considers reasonable under present conditions. It will be appreciated that the actual fees charged in individual cases will be matter of agreement between the member and the client.

5) GST should be collected separately wherever applicable.

6) The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered.

7) Class A Cities here includes Delhi, Mumbai, Calcutta, Chennai, Pune, Hyderabad, Bangalore and Ahmedabad. Class B Cities includes all other cities not included in “Class A”.

8) The amount charged will be based on the location of the service provider.

For any Query please contact:

Secretary, Committee for Capacity Building of Members in Practice (CCBMP), ICAI, ICAI Bhawan, A-29, First Floor, Administrative Building, Sector – 62 Noida -201309, UP, India | Ph: 0120-3045994 | E-mail : sambit.mishra@icai.in | Website of ICAI: www.icai.org | Website of CCBMP, ICAI: www.icai.org.in

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